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03.04.12

Deepwater Drilling Roars Back to Life

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Nearly two years after the BP oil spill in the Gulf of Mexico, deepwater drilling has regained momentum in that region and around the world. Now that the yearlong drilling moratorium has been lifted, many oil companies, including BP, have resumed drilling in the area, often in waters out of American control, but where an accident would still impact the United States. The pace of drilling is likely to surpass the levels before the accident, because of the high worldwide demand for energy. One energy expert said, “We need oil. The industry will have to improve and regulators will have to adjust, but the public will have to deal with the risk of drilling in deep waters or get out of their cars.”